Exclusive: Sequoia backed Finova Capital raises INR 15 Crore Debt from Bank of Baroda

NBFC and Fintech startup Finova Capital, which offers loans to MSME and small enterprises, has raised 15 crore debt from Bank of Baroda (BOB). The fresh debt funding has come after it raised $15 Mn in series B equity funding round in March this year. According to the regulatory filings, Finova Capital has issued 150 non-convertible…

ByGirish ShettiSeptember 4, 20200Comments

LendingKart Raises INR 120 Cr Debt from Public Banks & Private Lenders

NBFC startup LendingKart, which offers unsecured loans to MSME, has raised huge amount of debt funding from public banks as well as private lenders. This has been disclosed by the company’s regulatory filings, which was accessed by Techpluto. Lendingkart nabs INR 120 Cr debt funding from public & private leaders The Ahmedabad headquartered company has been on…

ByGirish ShettiAugust 18, 20200Comments

U Gro Capital reports Net Profit of Rs 3.73 Crore in Q1 FY21

U Gro Capital, which offers loan to capital-starved SME sector, on Thursday announced first Q1 results for FY21. The BSE listed NBFC reported a net profit or PAT (profit after tax) of Rs 3.73 crore and a healthy CRAR of 99.42% for the first quarter of the current financial year. The company’s quarterly profit seems…

ByGirish ShettiAugust 13, 20200Comments

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